US Bancorp DE Reduces Holdings in Aptiv PLC (NYSE:APTV)

US Bancorp DE decreased its position in shares of Aptiv PLC (NYSE:APTV) by 61.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 190,064 shares of the auto parts company’s stock after selling 300,254 shares during the quarter. US Bancorp DE’s holdings in Aptiv were worth $11,495,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Aptiv during the fourth quarter worth about $4,181,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Aptiv by 1.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 110,400 shares of the auto parts company’s stock worth $6,677,000 after buying an additional 1,900 shares during the last quarter. Bryn Mawr Capital Management LLC grew its holdings in shares of Aptiv by 16.7% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 6,269 shares of the auto parts company’s stock worth $379,000 after buying an additional 898 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Aptiv by 30.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,189 shares of the auto parts company’s stock worth $2,310,000 after buying an additional 8,863 shares during the last quarter. Finally, RWC Asset Management LLP purchased a new position in shares of Aptiv during the fourth quarter worth about $2,204,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 1.7 %

Shares of Aptiv stock opened at $64.04 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The company has a market capitalization of $14.69 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.62 and a beta of 1.74. The business has a 50 day moving average price of $62.95 and a 200 day moving average price of $63.85.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on APTV shares. Morgan Stanley lowered their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and raised their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. Finally, StockNews.com assumed coverage on Aptiv in a report on Monday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.